5 Ways to Choose the Best Property Management Company

Choosing a property management company for your rental home does not need to be a difficult decision, but you should spend some time on it so you get the right fit for your property. Here are five tips to keep in mind while you're making a decision.

1. Start your search with professional affiliations. Check out the websites for the Institute of Real Estate Management (IREM) or the National Association of Residential Property Managers (NARPM). These are two trade associations that are very reputable and really set the standard for the property management industry. Any high caliber property management company will be a part of these associations. The companies that are affiliated with these groups will be held to a very high ethical standard and they are a great place to start when searching for a property manager.

2. Call and interview different companies. Find out what they really specialize in. The property management industry has different niches. You have certain companies that...